NOT LISTED FOR SALE
48 Beds
24 Baths
25,800 Sq Ft
0.68 Acres

Last Sold June 30, 2022

Last sale price $1,925,000 $75 Per Sq Ft

33 Days on Market

About This Home

As of June 2022

3 buildings with 8 units each situated in a fenced in multifamily development, all units are 2 bed / 1 bath. Additional building: 11 garages included.

Last Agent to Sell the Property

Greg Leutloff

McColly Bennett Real Estate License #475122665 Listed on: 03/23/2022

McColly Bennett Real Estate

Last Buyer's Agent

Greg Leutloff

McColly Bennett Real Estate License #475122665 Listed on: 03/23/2022

McColly Bennett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $34,512

Year Built

  • Built in 1980

Lot Details

  • 0.68

Interior Spaces

  • 25,800 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 48 Bedrooms
  • 24 Bathrooms

Additional Features

  • Additional Parcels
  • Heating System Uses Gas

Community Details

Overview

  • 24 Units

Building Details

  • Electric Expense $2,060
  • Fuel Expense $8,364
  • Insurance Expense $10,506
  • Maintenance Expense $5,819
  • Other Expense $4,548
  • Trash Expense $4,061
  • Water Sewer Expense $7,905
  • Operating Expense $86,868
  • Gross Income $188,560
  • Net Operating Income $101,692

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$34,512

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1980
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 24
  • Total Bedrooms: 48
  • Room: 0

Utilities

  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 4061
  • Water Sewer Expenses: 7905

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 25,800 SF
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Other
  • Board Number: 21

Building Info

  • BuildingAreaTotal: 25800

Multi Family

  • Net Operating Income: 101692
  • Fuel Expense: 8364
  • Insurance Expense: 10506
  • ElectricExpense: 2060
  • GrossIncome: 188560
  • Maintenance Expense: 5819
  • NumberOfUnitsTotal: 24
  • OperatingExpense: 86868
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 34512.1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2022
Closed on
Jun 30, 2022
Sold by
Trust No 5787
Bought by
Virtus Properties Llc-Series 7
Seller's Agent
Greg Leutloff
McColly Bennett Real Estate
Buyer's Agent
Greg Leutloff
McColly Bennett Real Estate
List Price
$2,040,000
Sold Price
$1,925,000
Premium/Discount to List
-$115,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,443,750
Outstanding Balance
$520,388
Interest Rate
4.83%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Virtus Properties Llc-Series 7 $641,000 Greater Illinois Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Virtus Properties Llc-Series 7 $1,443,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2022 06/30/22 Sold $1,925,000 -5.6% $75 / Sq Ft
04/26/2022 04/26/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $2,040,000 -- $79 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,612 $189,613 $64,401 $125,212
2023 $11,612 $156,419 $31,207 $125,212
2022 $10,429 $156,419 $31,207 $125,212
2021 $10,849 $156,419 $31,207 $125,212
2020 $11,139 $156,419 $31,207 $125,212
2019 $11,635 $156,419 $31,207 $125,212
2018 $12,240 $153,964 $31,207 $122,757
2017 $12,322 $153,964 $31,207 $122,757
2016 $12,408 $153,964 $31,207 $122,757
2015 $13,198 $153,964 $31,207 $122,757
2014 $13,198 $153,964 $31,207 $122,757
2013 $13,198 $153,964 $31,207 $122,757
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11354617

Midwest Real Estate Data (MRED)

APN: 17-20-24-419-003